REI Lense

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$2,345 (target)

16166 Whitehead Dr, Linden, MI 48451

3 beds • 3 baths • 1593 sqft

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This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $70,098 initial cash invested.

-7.16%

Cash On Cash

4.85%

Cap Rate

0.82

DSCR

$2,345

Rent

-$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,345 income − $2,763 expenses = $418 out of pocket

Income$2,345Out of Pocket$418Mortgage P&I$1,65070%Property Taxes$38216%Insurance$1225%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,098

Downpayment

20%

$66,760

Closing costs

1%

$3,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,345

Total Expenses

$2,763

Mortgage P&I

70%

$1,650

Property Taxes

16%

$382

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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